SaxoTV

Home Depot building on US recovery

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Saxo Bank's Head of Equity Strategy Peter Garnry looks ahead to Home Depot's Q3 earnings. The DIY chain is expected to post a 19% rise in per-share profits at 1.13 USD versus 0.95 USD in the previous quarter.
Peter picks out the key points to look for in a firm which needs to justify a high valuation. Home Depot results will also be closely monitored for signs of recovery in the US housing market as well as overall consumer confidence.